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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Goldfinger who wrote (1577)	11/29/1997 4:17:00 PM
From: Mike	Respond to of 4718

One thing you may also be forgetting is that the zones are only partially drilled. For instance, the tambang is only 1\3 drilled. ANZ management is playing this one cautiously. What we see is only what has been drilled. Chances are that the Tambang will be consistent throughout the zone and will yield probably as much as 1.5 million ounces itself. Mike

To: Goldfinger who wrote (1577)	11/29/1997 5:33:00 PM
From: Keith Utz	Read Replies (1) \| Respond to of 4718

Goldfinger, the valuation that is normally put on gold in the ground(proven reserves) ranges from $25 to $100/oz. A senior producer such as Barrick in a good gold market may bring a $100 valuation per proven ounce whereas a jr. gold stock such as ANZ with low POG would bring a lot lower valuation. Not sure what value is placed on silver reserves with Ag around $5.00. I liked what I saw in the PR!! ANZ has a lot going for it with plenty of cash and quality properties in Indonesia and Canada and selling for around .40. We will likely look back in a few months (or sooner) and kick ourselves for not buying more. One problem is there are many other beaten down quality gold stocks competing for our investment dollar. Monday should be interesting. Keith